Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[WhipperSnapper]

I predict that the price of gas will increase in the long-term. The problem of increasing world-wide demand and Peak Oil isn't going anywhere.

 

[dmcowen674]

I predict that the price of gas will increase in the long-term.

The problem of increasing world-wide demand and Peak Oil isn't going anywhere.

Demand continues to drop and more oil reserves found than ever but like you said it will go up for greed.

Say $20 a gallon the sweet spot for the oil thugs?

 

[desy]

Demand here is dropping, not GLOBALY, on a global commodity world demand is what sets the price. Reserves |= production and flow rates as the new reserves are deeper colder harder to access than ever making the marginal price of oil much higher for producers.

http://online.wsj.com/article/SB10001424052702303610504577418081105218276.html

"Costs are rising because much of the extra oil added to world supply has come from more technically challenging areas such as deep water or the Arctic, Bernstein said. This has led to "a combination of higher material costs and reduced productivity per well," it said"

http://ftalphaville.ft.com/blog/201...oduction-costs-are-heading-towards-100barrel/

While OPEC plays a key role in influencing price through production quotas, in the long run we believe that it is the marginal cost of non-OPEC production which sets the oil price. As global demand has surged over the past decade the marginal cost of production and oil prices have increased, as the industry has venture to increasingly higher cost (smaller, deeper fields) and more marginal regions (deep water, high arctic) to produce the incremental barrel of oil.

 

[Doppel]

Demand continues to drop

Really, Dave the Liar? He said world-wide demand:

I've never seen a person get owned so many times and keep coming back for more.

 

[dmcowen674]

You Oil Thug loving Republicans can go back to blaming Obama for high gas prices.

Just paid $3.79 a gallon here in the Chicago Suburbs.

I'm sure it's well over $4 down in the city but it's over 100 degrees and have no plans to go down there anytime in next couple of days.

 

[Born2bwire]

You Oil Thug loving Republicans can go back to blaming Obama for high gas prices.

Just paid $3.79 a gallon here in the Chicago Suburbs.

I'm sure it's well over $4 down in the city but it's over 100 degrees and have no plans to go down there anytime in next couple of days.

Ah yes. Dave's signature move. Wildly predicting shit without verifying it.

 

[Doppel]

You Oil Thug loving Republicans can go back to blaming Obama for high gas prices.

Just paid $3.79 a gallon here in the Chicago Suburbs.

I'm sure it's well over $4 down in the city but it's over 100 degrees and have no plans to go down there anytime in next couple of days.

Damn yer dumb, for realz.

 

[dmcowen674]

Ah yes. Dave's signature move. Wildly predicting shit without verifying it.

You're in Illinois, why don't you go downtown and report back to P&N and the world for us?

Do your civic duty and refute the wildly predicting shit you say I am.

Come on, you can do it.

But I bet you won't because you know I am right.

I am always right and that pisses you and others like lopped off.

It's awesome pissing wrong people off.

Why do you guys like being wrong all the time?

That's a strange thing to achieve for.

 

[Doppel]

Why do you guys like being wrong all the time?

That's a strange thing to achieve for.

See post 3454

 

[dmcowen674]

See post 3454

http://en.wikipedia.org/wiki/Gasoline

The US accounts for about 44% of the world’s gasoline consumption.

 

[Doppel]

http://en.wikipedia.org/wiki/Gasoline

The US accounts for about 44% of the world’s gasoline consumption.

Your response is irrelevant to the correction I gave of your demonstrably false earlier statement. If you say the world is flat and I prove you wrong I imagine you'd show me a map of the earth on a piece of paper in your contradicting argument.

 

[dmcowen674]

Your response is irrelevant to the correction I gave of your demonstrably false earlier statement. If you say the world is flat and I prove you wrong I imagine you'd show me a map of the earth on a piece of paper in your contradicting argument.

My response shows you are wrong once again.

The U.S. is still the biggest single user of gasoline even with the demand down here back to 2001 levels.

 

[desy]

So, price of a barrel is what counts and you can't make a barrel of oil magically 100% gasoline of which the US consumes 1/5 not almost 1/2 of the worlds oil consumption

They use oil to make all kinds of stuff not just gasoline IE those plastic depends your wearing for everytime it goes up a nickel and you wet yourself

 

[Doppel]

My response shows you are wrong once again.

The U.S. is still the biggest single user of gasoline even with the demand down here back to 2001 levels.

He said "The problem of increasing world-wide demand" to which you said "Demand continues to drop", to which I showed an image refuting your claim; world-wide demand does not drop. I hope that semi-colon I just used didn't confuse you..

Stop being a fvcking idiot. I know that's very hard for you, but you must try.

 

[DucatiMonster696]

Demand continues to drop and more oil reserves found than ever but like you said it will go up for greed.

Say $20 a gallon the sweet spot for the oil thugs?

First, some of those oil deposits are only cost efficient to tap and drill at certain prices and if prices increase then other oil wells become more profitable to tap and if the price drops then these same oil wells become less profitable to tap.

Second, you reasoning about why the price of oil would go up or conversely down is based upon completely childish assumptions and lacks in any real insight as to why prices for oil will fluctuate up or down for future demand.

For instance what would occur if hybrid or alternately fueled powered cars dominate the marketplace 20 years from now so that oil is no longer required in the same amount for fuel purposes but oil is still in high demand for other consumer goods which require plastic or other petroleum by products? If the price spikes up due to demand for let's say these other petroleum based products or by-products would you attribute this to simple "Greed" ?? Of course you would because you refuse acknowledge that oil has many more uses then just fuel and demand for oil in all its categorical uses and functions could just as easily out strip its demand for fuel in vehicles 20 years for now and that would throw a huge dent into your simplistic view about why prices would fluctuate for oil in regards to future demand and supply.

 

[dmcowen674]

First, some of those oil deposits are only cost efficient to tap and drill at certain prices and if prices increase then other oil wells become more profitable to tap and if the price drops then these same oil wells become less profitable to tap.

Second, you reasoning about why the price of oil would go up or conversely down is based upon completely childish assumptions and lacks in any real insight as to why prices for oil will fluctuate up or down for future demand.

For instance what would occur if hybrid or alternately fueled power cars dominate the marketplace 20 years from now so that oil is no longer required in the same amount for fuel purposes but oil is still in high demand for other consumer goods which require plastic or other petroleum by products? If the price spikes up due to demand for let's say other petroleum based products or by-products would you attribute this to simple "Greed" ?? Of course you would because you refuse acknowledge that oil has many more uses then just fuel and demand for oil in all its categorical uses and functions could just as easily out strip it demand for fuel in vehicles 20 years for now and that would throw a huge dent into you simplistically view about why prices would fluctuate for oil in regard to future demand and supply.

Awwww, so sympathetic to the plight of the oil Thugs.

Why is that, how much do you personally gain from high prices?

Will you admit what Oil Company you work for?

 

[Doppel]

Awwww, so sympathetic to the plight of the oil Thugs.

Why is that, how much do you personally gain from high prices?

Will you admit what Oil Company you work for?

I like how you're ignoring me calling you out on being an idiot. Are you still pretending that world-wide demand of oil is dropping or going to hope nobody noticed you getting owned? Hint: They did.

 

[dmcowen674]

$5 here we come again

7-6-2012

http://finance.yahoo.com/q;_ylt=Aun...NhdANob21lBHB0A3NlY3Rpb25z;_ylv=3?s=clq12.nym

Crude Oil Aug 12 (CLQ12.NYM)

-NY Mercantile

92.12

4.90(5.62%) 7:53PM EDT

 

[Doppel]

$5 here we come again

7-6-2012

http://finance.yahoo.com/q;_ylt=Aun...NhdANob21lBHB0A3NlY3Rpb25z;_ylv=3?s=clq12.nym

Crude Oil Aug 12 (CLQ12.NYM)

-NY Mercantile

92.12

4.90(5.62%) 7:53PM EDT

National average has never been $5, Dave the Liar.

 

[soccerballtux]

why do you do him the service of bumping his thread?
Also, where is the avatar from

 

[Doppel]

why do you do him the service of bumping his thread?
Also, where is the avatar from

If I said it were a picture of me would you believe it?

 

[dmcowen674]

$3.89 today

 

[EndGame]

Left for Vaca 6/29 it was $3.09. Arrived home yesterday, $2.89. Still that way today here!!

 

[Pr0d1gy]

We all collectively laugh at how misinformed and ignorant the OP is.


BTW, gas is almost down to $3 here. It got over $4 multiple times with Bush in office. And people wonder why I turned Independent....lol

 

[dmcowen674]

We all collectively laugh at how misinformed and ignorant the OP is.

BTW, gas is almost down to $3 here. It got over $4 multiple times with Bush in office. And people wonder why I turned Independent....lol

Why do you think WhipperSnapper is misinformed and ignorant?

The economy has gone to shit ever since gas went over $3 around most of the country and around $4 in Chicago.

He is spot on.